Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in the Middle East.
Oceaneering International has introduced a new electric propulsion work-class remotely operated vehicle (ROV) designed to support extended subsea operations across offshore drilling, inspection, maintenance and repair (IMR), and construction activities.
Equinor and Hydromea have successfully demonstrated real-time wireless data transmission from the seabed directly to cloud infrastructure, marking a new milestone in subsea digital connectivity and offshore asset monitoring.
Kongsberg Maritime, Seadrill and Hanwha Drilling have formed a strategic alliance to develop remote dynamic positioning (DP) technology for offshore drilling operations, aiming to improve safety, efficiency and operational performance.
The African Energy Chamber (AEC) has signed a memorandum of understanding with Venezuela’s Ministry of People’s Power for Hydrocarbons and state oil company Petróleos de Venezuela, S.A. (PDVSA), establishing a framework for cooperation across the oil and gas value chain.
Explorco, the upstream exploration subsidiary of the Ghana National Petroleum Corporation (GNPC), has signed a project management consultancy contract with LubriMax Ghana Limited and its technical partner, Well Engineers and Planners, to commence drilling activities in the Voltaian Basin.
The war in Iran could result in production losses of over 3 million barrels daily by the end of the week, with those losses potentially topping 4 million barrels daily if the war continues for more than a couple of weeks.
Oil and fuel futures and options contracts traded on Monday hit an all-time high as traders rushed to lock in surging benchmark prices, Reuters has reported, citing ICE data. The total number of futures and options in crude and fuels reached 12.7 million, with the number of contracts for ICE’s Low Sulphur Gasoil hitting 1.3 million—the […]
Major oil storage sites in Saudi Arabia are filling rapidly as the key export route through the Strait of Hormuz effectively remains closed to shipping, according to geospatial analytics company Kayrros. The Ju’aymah terminal on the country’s east coast “was quickly running out of spare capacity” as of March 1, Kayrros co-founder and chief analyst Antoine […]
Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil-trading hub of Fujairah, the latest in a series of incidents to affect energy facilities in the Middle East. Civil defense units are working to bring the blaze under control, the Fujairah Media Office said in a post on X. […]